Diodes ( (DIOD) ) just unveiled an announcement.
Diodes Inc’s Q3 2024earnings callrevealed a 9.5% sequential revenue increase, driven by strong market recovery in Asia and a notable 18% rise in automotive market revenue. Despite inventory adjustments in both the automotive and industrial sectors, the company anticipates better-than-usual seasonal revenue for Q4. Strategic efforts to moderate capital expenditure and past cost reductions aim to sustain earnings and cash flow, while maintaining capacity for future demand, particularly in higher-margin markets.
For detailed information about DIOD stock, go to TipRanks’ Stock Analysis page.
Trending Articles
- M&A News: Paramount’s (NASDAQ:PARA) Merger with Skydance May Get Delayed
- Ford (NYSE:F) Cuts Hours At German EV Plant
- Did Intel (NASDAQ:INTC) Win the “Server Recession?”
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
